Question

Find the compound interest on Rs. 15000 for 1 year at 5% per annum interest being compounded half yearly.​

Answer 1

Step-by-step explanation:

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Answer 2

Answer:

The correct option is C

₹ 4965

Given:

P = ₹ 15,000

R =

20

%

per annum, so will be

10

%

if compounded half-yearly

n = 3 (As 1.5 years has 3 half year in it)

Compound interest will be calculated by C.I = [

P

×

(

1

+

R

100

)

n

] - P

Substituting the value we get

C.I = [

15

,

000

×

(

1

+

10

100

)

3

] - 15,000

C.I = [15,000

×

11

10

×

11

10

×

11

10

] - 15,000

C.I = ₹ 19,965 - ₹ 15,000

C.I = ₹ 4965